Indonesia’s GDP hits 5-year low

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Indonesia’s GDP hits 5-year low


Indonesia’s economy grew at its slowest pace for 5 years in the third quarter, underlining the challenge for new President Joko “Jokowi” Widodo to get Southeast Asia’s top economy back on track. The G20 economy expanded 5.01% on-year in the 3 months to the end of September, down from 5.12% in the previous quarter, with demand for the country’s key commodities exports continuing to weaken. Jokowi has pledged to lift growth to 7% over the next two years by overhauling the country’s creaking infrastructure and cutting red tape to attract more foreign investors.

Read the full story on Rappler Indonesia.

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